More people looking for flats to rent in the short-term?
More people could be looking at flats to rent in the London borough of Sutton in the short-term, if the results of a new study are anything to go by.
Conducted by YouGov for the Council of Mortgage Lenders (CML), the research found many people do not want to buy their own property until further down the line.
A total of 76 per cent said they could not see themselves owning an abode until two years from now.
According to the organisation, this suggests there is a "much lower short-term appetite" among people aged between 18 and 24 to buy a house, especially because of the current affordability conditions.
Director-general of the CML Michael Coogan said: "Home-ownership levels are already falling and they will continue to fall."
He added that regulatory policies are making it increasingly difficult for consumers to get on the housing ladder.
These figures support the results of a recent Building Societies Association poll, which found 26 per cent of respondents do not think now is a good time to buy property.
Posted by Martyn Glynn
Published 17th September, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Streatham town centre to be improved by BID?
Major improvements could be made to Streatham town centre thanks to a new business partnership.
Read Article ... Published on 25th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
Barking Splash Park opens this weekend
Barking Splash Park will be free to use this weekend (May 25th-27th) to mark its opening.
Read Article ... Published on 24th May, 2012
Southwark estates to get cheaper energy bills
Residents in Southwark can look forward to cheaper energy bills thanks to the creation of a new underground green network.
Read Article ... Published on 23rd May, 2012
Enfield £1.3bn masterplan unveiled
A masterplan has been unveiled that will see a 200-acre site in Enfield regenerated as part of a £1.3 billion plan.
Read Article ... Published on 23rd May, 2012
Londoners encouraged to grow their own fruit and veg
People in London are being encouraged to grow their own fruit and vegetables.
Read Article ... Published on 22nd May, 2012
Merton 'embraces green improvements'
Merton is now a cleaner, greener location to live in thanks to the implementation of the Wandle Valley Low Carbon Zone (LCZ).
Read Article ... Published on 22nd May, 2012
London house prices rise by 1,782% in past 35 years
London house prices have increased by 1,782 per cent in the last 35 years.
Read Article ... Published on 21st May, 2012
Poplar's Chrisp Street to get £100m regeneration
Some £100 million is to be spent regenerating the Chrisp Street area of Poplar in Tower Hamlets.
Read Article ... Published on 21st May, 2012
A new survey shows many people do not want to buy property until two years from now.